Latest Headlines – Page 366
-
Article
Aquascutum Has A Golf Apparel Licensee
TPD Luxury Solutions has obtained a European, Middle East and North American license to make golf apparel under the Aquascutum brand, to be delivered for next spring. Banking on the luxury appeal of the Aquascutum brand, the licensee is targeting sales to about 60 exclusive pro shops and apparel ...
-
Article
Pele Sports Kicks Off With High Hopes
An impressive cast of European sports industry executives is launching Pelé Sports, a football brand inspired and supported by the Brazilian football hero. Introduced on a dirt pitch in Johannesburg earlier this month, the brand will be delivered to European specialist stores on a small scale next month. A full ...
-
Article
Italy’S Macron Continues To Expand Its Footprint
Macron, an Italian company that was previously making sports apparel for other brands, is growing rapidly under its own brand of teamwear while expanding geographically, starting a new retail project and moving out of its core business in football and basketball to do more in rugby, volleyball, handball and baseball. ...
-
Article
Indian Fifa Licensee Eyes 100 Stores
A new and fast-growing Indian sports retailer, Amigo Sports, recently signed a licensing agreement for the Indian market with Global Brands Group, the master licensee of the Fifa brand globally, giving the company exclusive rights to manufacturing, multi-channel distribution and retail of official Fifa merchandise across India. While India ...
-
Article
Chinese Sourcing Costs Are Rising Independently Of The Yuan
The free float of the Chinese yuan/renmimbi is expected to have less of an impact on the cost of sporting goods imported into Europe than local inflation, the rising cost of raw materials and the recent devaluation of the euro. While the gross margins on most sporting goods products are ...
-
Article
Yue Yuen Sees Growth
The retail segment was the reason for Yue Yuen Industrial Holdings’ 4.3 percent increase in sales to $2.65 billion in the first half ended March 31. The growth from retail reached 25 percent to $590.0 million, while manufacturing turnover decreased by 0.5 percent to $2.06 billion. Net income was down ...
-
Article
Erke Is Finally Rebounding
While reporting a steady decline in apparel sales for the first quarter of this year, China Hongxing Sports, the company that markets the Erke sports brand, says it raked in orders worth 504 million renmimbi (€60.0m-$74.0m) for fall/winter at the trade fair held in Xiamen last month, an increase of ...
-
Article
Merrell Works With Vibram On Barefoot Technology
Consolidating its partnership with its biggest single client, Vibram has developed a special thin sole for Merrell that will be used in a more commercial line of shoes than its own successful FiveFingers range, but with a special minimalist look as well. Officials of Wolverine World Wide indicated that Merrell’s ...
-
Article
Karstadt Has Found A Buyer, But Has Not Been Rescued Yet
The creditors of the bankrupt Karstadt have finally agreed to accept the offer of a wealthy German investor, Nicolas Berggruen, to acquire the department store chain and its 26 sports superstores, almost exactly one year after it and its parent company, Arcandor, had to file for bankruptcy. Berggruen made the ...
-
Article
Changes At The Top Of Sport 2000 Germany
Jens Fischer, the long-time joint managing director of Sport 2000 Germany, is about to quit his post, effective June 30, and his successor has yet to be announced. A former chief controller of the former Nord-West-Ring shoe buying group, he became joint managing director of its Sport 2000 subsidiary in ...
-
Article
And Of The French Sport 2000
Marc Oursin, 48, is the new managing director of Sport 2000 France, filling a void left after the abrupt departure late last year of Jean-Paul Onillon. In the early 1990s, the new manager set up the international buying office of a big French chain of hypermarkets and supermarkets, Promodès, that ...
-
Article
Jjb’S Sales Are Improving With Each Passing Month
JJB Sports reports that in the 16 weeks from Feb. 1 to May 23, its sales grew by 7.5 percent on a comparable basis over the same period last year. From month to month this figure has improved, starting at a 2 percent drop in February because of poor weather ...
-
Article
Skigutane Merges Into Action Brands Of Norway
Like the previously reported merger between Nordic Outdoor and Bios, the merger between Action Brands and Skigutane is meant to pave the way for the development of a larger distribution company, with a presence in several Nordic countries, through organic growth as well as acquisitions. Holta Invest, the ...
-
Article
Europe Drags Down Rip Curl
The global revenues of the Australian surfwear company, which remains private, are expected to be more or less stable at around 400 Australian dollars (€279.7-$339.2), or up by 1 percent at the most, for the financial year ending next June 30. While the Asia-Pacific and Americas regions have registered growth, ...
-
Article
O’Neill Takes Another Run At Europe
O’Neill aims to double its European sales to about €400 million in the next five years as it begins to implement a more focused and harmonized strategy. After intense preparations in the last months, O’Neill has started to tighten its grip on the brand’s distribution and to deploy a Europe-wide ...
-
Article
Quiksilver’S Turnaround Efforts Boost Profits Despite A Sales Slump
Quiksilver’s sales continued to slide for the second quarter of its fiscal year, but the company reaped the results of the many restructuring efforts and cost reductions it has deployed in the last quarters, with a much-improved gross margin and profit. Even as they reported disappointing sales, the company’s managers ...
-
Article
Lafuma Improves Its Profitability
Represented mainly by Oxbow, the surf division of the Lafuma Group made good progress in the first half its financial year, ended March 31, generating an operating profit of €1.5 million in contrast with the €0.4 million loss of the same period a year ago, and its profitability is expected ...
-
Article
Lg Fashion Will Help Lafuma In China
Lafuma has agreed to take a 49 percent stake in a new joint venture with its big South Korean partner, LG Fashion, to develop its presence in mainland China. Lafuma has also formed its own subsidiary in Poland. Under its new deal with LG Fashion, LG Fashion has ...
-
Article
Moncler Hires Alberto Lavia As Ceo
The Italian producer of high-end sportswear has appointed Alberto Lavia as chief executive, effective July 15. For the last two years, he has held the same position at Façonnable, the French fashion group founded by the late Horst Dassler. The manager has considerable experience in the fashion industry having been ...
-
Article
Crossways Joins Other Troubled French Golf Apparel Brands
Several candidates have filed offers to take over Crossways, a popular French brand of golf apparel that went into receivership early last month. The company is under observation for six months until November, but it appears likely that the rescue will come much earlier. The receiver should make ...
